Junk bond investors pull cash as yield hits two-year peak

• High-yield investors took back $5.36B from Oct. 4 to Oct. 9, the most since February and the fourth largest ever, JPMorgan wrote, citing Lippert.
• Yields for BBs have climbed for five straight sessions, hitting a two-year peak, and CCC yields had the largest gain in more than seven years, closing at 9.29%.
• Junk bond returns are down for five straight days, now up 1.50% YTD, but were up as much as 2.81% earlier in the year.
• Source: Bloomberg First Word
• Previously: Junk bond ETF's September outflow signals investor anxiety: WSJ (Oct. 4)
• ETFs: HYG, JNK, DHY, HIX, EAD, PHT, HYT, HYLD, JQC, ACP, ANGL, CIK, MCI, DSU, SJB, KIO, NHS, CIF, ARDC, IVH, GGM, AIF, MPV, FHY, PHF, JSD, VLT, HYLS, DHG, PCF, MHY, UJB, FALN, CJNK, HYIH, HYLB, HYXE, WFHY, HYDB, BSJP, HYUP, USHY